Published On : Fri, Jun 16th, 2017

Loan Fraud : Nagpur’s Leela Infraventures, many other Cos on CBI radar

File Pic

Nagpur: Many companies in Nagpur are in the black books of Central Bureau of Investigation for committing serious loan frauds. These companies had allegedly presented bogus documents to avail loans from various banks. The amount run into crores of rupees. CBI’s Nagpur team has been reportedly scanning handful of such cases in which the companies have committed financial frauds to avail bank loans. Recently Abhijit Group’s Manoj Jayaswal and his son Abhishek Jayaswal were arrested for the similar crime and now the sleuths are hunting for more such defaulting companies.

CBI has been probing the financial track records of Nagpur based Leela Infraventures owned by Yerramilli Venkata Surya Sanyasi Raju. The authorities of Union Bank of India have complained of malpractice by the said company which had indulged in fraud by inflating the price of the land they owned and availing the loan of Rs 38 crore. It also turned out that most of the land belonging to company owner Raju has been acquired by the government. Raju has also shown his unwillingness to repay the loan. Not only this, he had also tried to sell the land which was already acquired by the government. He also kept the bank authorities in dark about the said matter.

When the bank authorities came to know of the goof up they reported the matter to CBI officials who then initiated the inquiry.

In the same way a person name Yashwant Sangla has also backed off on repayment of loan of Rs 7 crores which has also come up for investigation at CBI office. Sources informed that the sleuths would soon wind up the probe.